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While Hyundai retained its tag as India's largest Passenger Vehicle exporter for FY2021; Maruti pipped Hyundai to become the bigger exporter of Passenger Cars (excludes UVs) for FY2021.
Passenger Cars export volumes dropped to 2,64,921 units in FY2021 which was about 44% degrowth compared to 4,75,801 units in FY2020.
Below is a look at OEM wise performance on Exports:
Maruti Suzuki beats Hyundai and took over the number 1 position with 84,702 unit exports in FY2021
Hyundai had the highest de growth in exports in terms of volume drop.
Nissan and Ford had one of the highest degrowth in terms of % fall.
OEM wise Market share.
Understandably with the highest volume comes the highest market share, however, one needs to note that Maruti also had the highest gain in market share a staggering 12.39%
The other gains came from Hyundai, Honda, VW and TATA on the market share front.
Hyundai has a bigger advantage in terms of UVs as Venue and Creta shipments have been quite significant. While Maruti's rise in export volumes is commendable; the OEM needs a much stronger UV portfolio to gain hold in both domestic and export volumes.